New Mining Bill Proposes Uranium Mining Monopoly for Government

Kathmandu. The government has proposed a new bill to repeal the four-decade-old law related to mines and minerals. According to the proposed bill, only government companies will be allowed to excavate radioactive minerals including uranium. Furthermore, a policy has been adopted to heavily increase fees and royalties to discourage intermediaries from hoarding mining licenses and …

Cosa Announces Upsized C$12 Million Bought Deal Private Placement Including Participation by T.DML

Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (“Cosa” or the “Company“) is pleased to announce that, in connection with its previously announced “bought deal” private placement (the “Offering“), it has entered into an amended agreement with Velocity Trade Capital Ltd., on behalf of itself and a syndicate of underwriters to include Haywood Securities Inc. …

Uzbekistan Approves Construction of Small Modular Nuclear Power Unit

Uzbekistan has taken a major step forward in its nuclear energy program after granting a license for the construction of a small modular nuclear power unit based on the RITM-200N reactor technology. The license was issued by the country’s Committee for Industrial, Radiation and Nuclear Safety as part of Uzbekistan’s planned nuclear power plant project, The …

India’s Fairwood Nuclear, South Korea’s SK Securities sign pact to advance small reactor projects

The collaboration establishes a non-exclusive framework for identifying strategic partnerships, engaging institutional and private investors, and facilitating access to capital and technology ecosystems India’s Fairwood Nuclear Pvt. Ltd. and South Korea’s SK Securities Co. Ltd. have signed a strategic collaboration agreement to support the development and financing of small modular reactors (SMRs) and micro modular …

Italy’s lower house backs legislation to revive nuclear power

The result of the vote on the approval of the enabling law on sustainable nuclear energy in the Chamber of Deputies. (is associated with: «Italy’s lower house backs legislation to revive nuclear power») Mauro Scrobogna/LaPresse via ZUMA Press/dpa More Italy’s lower house of parliament has approved legislation that could pave the way for a return …

China, Russia Agree to Expand Cooperation in Uranium Mining and Processing

China and Russia are deepening cooperation in the nuclear sector after reaching an agreement to collaborate on uranium exploration, mining, and processing technologies. The agreement was announced following a visit by a delegation from the Chinese Academy of Sciences to Russia’s largest uranium mining enterprise, the Priargunsky Industrial Mining and Chemical Union (PIMCU), a key …

Private companies eye larger role in strategic energy

China is stepping up efforts to integrate private capital into its strategic energy infrastructure, creating a robust ecosystem for innovation that will power the nation’s green transition and its booming digital economy. The National Energy Administration recently announced plans to better formulate investment guidelines for private enterprises in major energy projects, including hydropower and oil …

Urenco USA Plans Significant Expansion of U.S. Uranium Enrichment Capacity

Urenco USA announced today that it will expand the capacity of the United States’ only commercial uranium enrichment facility by nearly 50%, marking a major commitment to strengthening the U.S. nuclear fuel supply chain as the country expands the use of nuclear power. This strategic, multi-billion-dollar investment will fund the construction of a new enrichment …

Singapore and United Kingdom sign nuclear safety information exchange agreement

The National Environment Agency of Singapore has signed an agreement with the United Kingdom Office for Nuclear Regulation to share expertise on nuclear safety and small modular reactors, supporting capabilities ahead of a 2027 United Nations atomic watchdog assessment. Singapore and the United Kingdom signed an agreement to exchange nuclear safety expertise on small modular …

US regulator grants waiver for Three Mile Island restart

U.S. energy regulators granted a waiver to speed up the connection ​of the Three Mile Island nuclear power ‌plant in Pennsylvania, which is being restarted to serve Microsoft (MSFT.O), opens new tab data centers in the region, a filing showed ​this week. Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket …